USD Covered Bond - COBO USD Covered Bond

ProShares USD Covered Bond seeks investment results, before fees and expenses, that track the performance of the Solactive® Diversified USD Covered Bond Index.

  • Designed to offer attractive yield potential and international diversification for investors concentrated in U.S. bonds.
  • Covered bonds have two sources of bond repayment in a default: a senior claim on the issuer and a claim to a "cover pool" of assets backing the bonds.
  • Focuses exclusively on the highest rated U.S. dollar-denominated covered bonds—substantially all of COBO's holdings are AAA-rated covered bonds.

Important Notice:
CUSIP distribution rules have changed, to learn more click here.

Fund Snapshot

Ticker COBO
Intraday Ticker COBO.IV
CUSIP 74348A749
Inception Date 5/21/12
Expense Ratio * 0.35%
NAV Calculation Time 3:00 p.m. ET
Currency of Underlying Securities USD
Distributions Monthly
* With Contractual Waiver for 10/1/14 to 9/30/15.

Top Fund Country Weightings as of 7/31/15

CANADA 31.56%
AUSTRALIA 26.66%
SWEDEN 11.46%
NORWAY 8.97%
UNITED KINGDOM 7.02%
NETHERLANDS 4.61%
SWITZERLAND 3.11%
GERMANY 3.08%
FRANCE 3.06%

Fund SEC Yields as of 6/30/15

SEC 30-Day Yield 1.17%
SEC 30-Day Yield (Unsubsidized) -1.00%

Fund Characteristics as of 6/30/15

Distribution Yield 1.17%
12-Month Yield 1.08%
Weighted Average Yield to Maturity 1.44%
Modified Duration 2.79

Price Information as of 7/31/15

NAV $101.64
NAV Change $0.19
Market Price Closing $99.16
Market Price Closing Change $0.17
Daily Trading Volume 261